The Australian Securities Exchange (ASX) is known for its blockchain-based post-trade settlement project, CHESS, which was recently delayed to 2025. Last November, ASX also launched a blockchain as a service offering, Synfini. Melbourne digital asset investment firm Zerocap worked with the ASX on a proof of concept to showcase Synfini’s ability to support tokenized assets, with Zerocap providing custody.
The goal is that ASX can provide a platform not just for securities but also for digital assets. Although for now, the focus is not on cryptocurrencies.
“We’re not talking about bitcoin here,” said Ryan McCall, CEO of Zerocap, talking to the Australian Financial Review. Zerocap was also involved in the recent pilot of ANZ’s stablecoin.
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